Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Posted by taxguru on December 31, 2004

Q:

Subject: BeneTrends – ESOP

Hi Kerry, What are your feelings on the ESOP program which allows use of IRA funds for business start ups? I am weighing the options of using a small business loan, home equity or tapping my IRA for approx 150K…. Any advice is greatly appreciated. Thank you

A:

I’m still as supportive of using one’s own retirement account for a new business start-up as I was when I wrote my earlier article on this eight month ago:

There must be other companies providing this service; but BeneTrends is the only one I am currently aware of.

Good luck.

Kerry Kerstetter

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